After experiencing first-hand the effects of fraud in charity, Joseph Thompson, CEO and Co-Found of AID:Tech, set out on a mission to ensure that charitable donations reach their intended beneficiaries using Blockchain technology. The results are starting to surface, most recently in the addition of a baby to the Blockchain used for tracking medical information of pregnant women in Tanzania.
Donations logged securely as transactions, preventing fraud
In 2009 Thompson participated in the Marathon de Sables in the Sahara Deseret and raised over $100,000 which he hoped to donate. When he followed up on his donation he was told the funds had been lost and had never reached the planned recipient.
AID:Tech began by delivering aid to Syrian refugees completely transparently using Blockchain technology. Every transaction is secured on the distributed ledger and can be traced from start to finish, be verified at any time, and cannot be manipulated, preventing fraud completely.
Security and transparency promote public trust, making charitable organizations more sustainable
More recently the company partnered with PharmAccess to start a project to get aid to pregnant women in Tanzania and ensure that they get the care they need. Each woman receives a digital ID and their medical information throughout the pregnancy is recorded on the Blockchain. On July 13th the first baby was added to the ledger.
Last year faizod conducted research and prepared a showcase (Charity Chain) demonstrating charitable organizations’ need for Blockchain to ensure transparency and thus increase trust. Public mistrust is generated through stories like Thompson’s and fear of misappropriation can deter potential donators.